• Return to Headlines

After Yesterday's Rally of 1.29% Shares Could Potentially Pullback

By James Quinn

Cabot Oil & Gas (NYSE:COG) traded in a range yesterday that spanned from a low of $22.69 to a high of $23.17. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $23.16 on volume of 2.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is monitoring the recent change of momentum in Cabot Oil & Gas. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Cabot Oil & Gas in search of a potential trend change.

In the past 52 weeks, Cabot Oil & Gas share prices have been bracketed by a low of $14.88 and a high of $35.64 and are now at $23.03, 55% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 1.4%.

Keywords: rebounders cabot oil & gas

Ticker(s): COG